Protests against fuel prices blocked highways across Europe Tuesday.
Published:
13 September 2000 y., Wednesday
Protests against fuel prices blocked highways across Europe Tuesday and as pumps ran dry in Britain Prime Minister Tony Blair vowed tough action to move supplies through blockades.
Hauliers furious at high prices and taxes promised more wildcat action across the continent. Protests began in Germany and more were likely in Spain and Ireland.
Although crude oil prices dropped more than $1.30 a barrel, oil traders warned that market fundamentals pointed to continuing high prices in spite of an OPEC pledge to increase production.
Panic buying swept Britain, draining the few remaining supplies of fuel. In the worst hit areas, rubbish went uncollected and hospitals canceled non-emergency services.
"Whatever the strength of feeling there can be no excuse whatever for this type of action which is hurting our people, businesses and emergency services severely," Blair told a news conference after cutting short a visit to northern England.
"Legitimate protest is one thing, trying to bring the country to a halt is quite another," he said, adding that he hoped the situation would be on the way back to normal within 24 hours.
The Organization of the Petroleum Exporting Countries decided Sunday to raise output by 800,000 barrels per day.
European Union foreign ministers said Tuesday that OPEC's latest output increase should help stabilize world oil prices. The bloc's transport ministers said they would meet next week to discuss the impact of high prices.
Šaltinis:
lycos.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »